Imposition of a Penalty on Saudi Industrial Investment Group

​The Capital Market Authority announces the issuance of a CMA Board resolution to impose a penalty of SR 10,000 (Ten Thousand Saudi Riyals) on Saudi Industrial Investment Group due to its violation of clause (A) of Article (40) of the Listing Rules. The company did not clearly mention in its preliminary financial results announcement for the second quarter of 2014  all the reasons affecting the decrease in the Net profit of the second quarter of 2014 compared to the same quarter of the previous year and compared to the previous quarter of the same year.